This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a regulator sets the price equal to the natural monopolist's marginal cost, a. the monopoly will ... (Read 94 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
If a regulator sets the price equal to the natural monopolist's marginal cost,
 a. the monopoly will experience a loss
  b. the monopoly will earn a profit
  c. the monopoly will earn zero profit
  d. consumers will be worse off than they would be if the firm's profit maximization activities were unregulated
  e. the monopoly will be better off than it would be if its profit maximization activities were unregulated

Question 2

Average revenue minus average total cost equals
 a. total economic profit
  b. total accounting profit
  c. a normal profit
  d. economic profit per unit of output
  e. marginal cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


misspop

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 30, 2018
Correct answers!


juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an
Natural defenses against stomach acid Natural defenses against stomach acid
Blending inheritance formed the basis of nineteenth-century critiques of evolution by natural select Blending inheritance formed the basis of nineteenth-century critiques of evolution by natural select
The blue sticker on the rear of this vehicle indicates that it is designed to use compressed natural ... The blue sticker on the rear of this vehicle indicates that it is designed to use compressed natural ...
A typical fuel-pressure regulator that has a spring that exerts 46 pounds of force against the ... A typical fuel-pressure regulator that has a spring that exerts 46 pounds of force against the ...
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library